Eurozone approves 1.5bn euros Cyprus bailout payment

GMT 10:56 2013 Friday ,13 September

Arab Today, arab today Eurozone approves 1.5bn euros Cyprus bailout payment

Arab Today

Eurozone finance ministers agreed Friday that Cyprus, which agreed a controversial bailout earlier this year, has done enough to get its next aid tranche worth 1.5 billion euros. The 17 ministers of the Eurogroup endorsed "the disbursement of the next tranche of financial assistance to Cyprus following the fulfilment of the prior actions and the completion of the relevant national procedures," a statement said.

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